Realtor® Keith represented two buyers, Bobby and Betty, and showed them four houses. Betty then asked to see one of the properties a second time, then a third, then a fourth. Bobby and Betty seemed as if they were on the cusp of committing to the house they visited over and over but told Keith they’d … Continue reading Guarantees? Don’t forget you could be wrong.
When Kristen Martinez and her family bought a home in the Seattle area two years ago, she specifically asked about the electrical wiring. “We had been told [by the seller] when we bought the house that there was no knob-and-tube wiring,” Martinez says. This older form of electrical wiring is less resistant to damage and … Continue reading You Could Be the Fall Guy for Your Seller’s Lies
Minding time periods of a purchase contract is an essential element of our Realtor duties. An expiration date of any of the given time periods can result in a Buyer losing their deposit or the Seller failing to close on their property. Three important time periods to consider are: Loan Approval PeriodInspection PeriodCondo Rider/ Condo … Continue reading Time Frames of a Purchase Contract
A house just won’t sell and you may be stumped as to why– and occasionally someone may be sabotaging your sale. Some real estate professionals have found that the saboteur is a neighbor or even the seller’s own child. In one situation highlighted in The Wall Street Journal, a real estate agent had been showing … Continue reading Look Around: Is Someone Sabotaging Your Sale?
A common phrase attorneys on Florida Realtors Legal Hotline hear is that a licensee “represents the transaction” when working with a buyer, seller or both in a transaction broker relationship. This isn’t technically correct because a transaction broker provides a limited form of representation to a person, unless they’re providing services to both sides and … Continue reading Does a transaction broker represent the transaction or the person?
RPR gives you access to data, tools and reports that can help you “wow” your clients and close more deals. However, from time to time, we like to “wow” our users and show them features and capabilities within RPR that can really help them build their business. By digging a little deeper into the platform, … Continue reading Find Your Next Listing With These Geographic Farming Tactics
Builders have struggled to overcome land scarcity and rising labor costs and materials. But a flood of homes will come on the market over the next 20 years as baby boomers age – enough to affect local economies in traditional retirement areas. The boomer generation, once 76 million strong in the U.S., dwarfed the 55 … Continue reading Study: Lots of Listings Coming as Baby Boomers Age
Renting a place to live may give you the freedom to move when you want and relieve you of the responsibilities of homeownership, but at some point, most people yearn for their own home. Buying a house is a good way to start building financial security. As you pay down the mortgage, you build up … Continue reading 8 Signs a Buyer Is Ready To Stop Renting
Real estate agents are particularly vulnerable when it comes to getting sued. With tons of details, multiple clients and valuable properties, it’s all too easy for things to slip through the cracks. Even the slightest mistake could end up costing you a lot of money, a lot of stress and worst of all, tarnish your … Continue reading See you in court! 10 ways agents typically get slapped with lawsuits
ORLANDO, Fla. – Dear Anne: My listing agreement with a seller is for six months, but this seller and I had a falling out three months into the listing. Advertising this property did not come cheap, and the cancellation fee would enable me to recoup my expenses, but the seller was unreasonable and refused to pay … Continue reading Dear Anne: What Does ‘Withdrawn’ Really Mean?